The Office of the Comptroller of the Currency ("OCC") request for comment on how to modernize the Community Reinvestment Act ("CRA") regulatory framework was published in the Federal Register. Comments must be received on or before November 19, 2018.
As previously covered, the OCC will consider feedback on ways to amend the CRA framework in order to (i) better serve the CRA's intended purpose, (ii) increase lending and investment in underserved areas and (iii) reduce the reporting and CRA performance assessment burden.
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